RBL Financial institution’s Vishawvir Ahuja has stepped down as MD & CEO of the financial institution, and the financial institution has appointed Rajeev Ahuja because the interim Managing Director and Chief Govt Officer of the financial institution with speedy impact.
Vishawvir Ahuja has gone on a go away with speedy impact.
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RBL Financial institution’s Vishawvir Ahuja stepping down as Managing Director (MD) & Chief Govt Officer (CEO) of the financial institution six months previous to the ending of his time period has raised a number of questions over the company governance of the financial institution.
In the meantime, Reserve Financial institution of India (RBI) has additionally inducted its nominee on the board of the RBL Financial institution for two years. The RBI has appointed its Chief Normal Supervisor Yogesh Ok Dayal as an extra director on the board of RBL Financial institution in line with a PTI report.
The board in a gathering held on Saturday appointed Rajeev Ahuja (presently the Govt Director) as interim Managing Director & Chief Govt Officer of the financial institution with speedy impact, topic to the regulatory and different approvals, the financial institution stated.
Nevertheless, in its clarification, the newly appointed interim MD & CEO Rajeev Ahuja has stated that the present improvement has no reference to the present monetary situation or asset high quality of the financial institution and that the monetary situation of RBL Financial institution is sort of sturdy.
On the query of liquidity raised by Zee Enterprise, Rajeev Ahuja stated that the financial institution has ample liquidity and its capital adequacy is over 16 per cent. He stated that no celebration associated to the banks has to fret.
The interim MD & CEO was of the view that the financial institution needed to face sure challenges within the wake of the continued Covid 19 pandemic in the course of the present monetary yr. The scenario within the third quarter is sort of higher and the financial institution is anticipated to achieve it pre-Covid ranges, he added.
He has additionally assured that the web NPA of the financial institution is presently at 2.1 per cent and is anticipated to return all the way down to 2 per cent over the subsequent few months.
He additionally reiterated the help, the financial institution has been receiving from the banking regulator RBI.
The data was given by Rajeev Ahuja through an organization convention name.